Welcome to our dedicated page for TECHNIP ENERGIES news (Ticker: THNPY), a resource for investors and traders seeking the latest updates and insights on TECHNIP ENERGIES stock.
Technip Energies, represented in the U.S. by THNPY American depositary receipts, reports developments across engineering and technology work for the energy transition. Recurring updates include LNG project awards, Process Design Package and FEED work, hydrogen and ethylene technologies, blue and green hydrogen initiatives, sustainable chemistry, and CO2 management projects.
Company news also covers technology partnerships such as autothermal reforming and partial oxidation licensing for blue hydrogen, carbon capture collaborations using Shell CANSOLV technology, and Reju, its textile-to-textile regeneration business focused on polyester waste circularity. Governance and issuer updates include annual report publication, annual general meeting materials, financial-results scheduling, Euronext Paris listing references, and the Level 1 sponsored ADR program traded over the counter in the United States.
Technip Energies has secured a substantial contract for the supply of proprietary equipment for INEOS Olefins' ethane cracker in Antwerp, Belgium, with a projected revenue between €250 million and €500 million. This project aligns with Technip's sustainable strategy, as the cracker is designed to have a CO2 footprint 50% lower than the top 10% of European crackers. The facility will also be capable of transitioning to 100% hydrogen fuel in the future, showcasing Technip Energies' commitment to low-carbon technology.
Technip Energies will release its Q3 2022 financial results on October 20, 2022, at 07:30 CET. A conference call will follow at 13:00 CET. Investors can join via provided phone numbers or the webcast, accessible here. The company specializes in energy transition, notably in LNG, hydrogen, and CO₂ management, operating in 34 countries with 15,000 employees.
Technip Energies, in partnership with Monford Group, has secured an EPCC contract with Yuri Operations Pty Ltd for the Project Yuri Phase 0, a green hydrogen facility in Western Australia. The project includes a 10MW electrolysis plant alongside an 18 MW solar PV farm and a battery energy system, aiming to produce 640 tonnes of green hydrogen annually. Funded by the Australian Federal Government and the Western Australian State Government, it also involves Mitsui & Co. acquiring a 28% stake in Yuri Operations. The initiative is pivotal for advancing green hydrogen and ammonia production.
Technip Energies announced that CEO Arnaud Pieton will speak at the Kepler Cheuvreux Autumn Conference on September 14. The event takes place at the Hotel du Collectionneur in Paris from September 13 to 16, 2022. A replay will be accessible on their Investor Relations website after the event. Technip Energies focuses on engineering and technology for the energy transition, operating in 34 countries with a workforce of 15,000.
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Technip Energies announced that CEO Arnaud Pieton will speak at the Barclays CEO Energy-Power Conference on September 6, 2022, at 3:45 p.m. CDT in New York. The conference runs from September 6 to 8. A live webcast will be available on the Investor Relations website. No presentation materials will be provided.
Technip Energies announced a share buyback program for the week of August 22 to August 26, 2022, executing a total of 67,053 shares. The shares were bought at an average price of €12.36731, highlighting a strategic move by the management to enhance shareholder value.
This buyback program is part of a discretionary mandate, enabling independent decision-making by an investment services provider.
Technip Energies announced its share buyback details for the week of August 15 to August 19, 2022. The company purchased a total of 100,000 shares at an average price of €12.202918 as part of its discretionary buyback program. This initiative aims to enhance shareholder value and reflects confidence in the company's future. The shares were procured through an investment service provider, which independently made acquisition decisions.
Technip Energies has been selected, alongside Clough, to execute the Front End Engineering Design (FEED) for TotalEnergies’ Papua LNG project in Papua New Guinea. This project encompasses the development of the Elk and Antelope gas fields and features a carbon capture and sequestration scheme. Senior executives from both Technip and Clough expressed pride in their roles and commitment to delivering a sustainable project. Technip Energies aims to leverage its expertise in gas unit design and technology integration to contribute effectively to this strategic initiative.
Technip Energies, in a consortium with Subsea 7 and Samkang M&T, has been awarded a Front-End Engineering Design (FEED) contract for the Ulsan Gray Whale 3 Offshore Windfarm, located off the East Coast of South Korea. The project aims to develop a 504MW floating offshore wind farm, utilizing Technip's proprietary INO15™ floater technology. This initiative is part of a broader effort to support energy transition in the region, with a total of 1.5 gigawatts across three offshore projects.